MORRIS PUBLISHING OBTAINS EXTENSION OF FORBEARANCE
PERIOD ON OVERDUE INTEREST PAYMENT
AUGUSTA, Ga.
Morris Publishing Group, LLC announced today that it has obtained an extension until Septembe
r 18, 2009 to make two semi-annual interest payments of $9.7 million on its senior subordinated notes originally due Feb. 1, 2
009 and August 3, 2009. The holders of more than 80 percent of the outstanding amount of senior subordinated notes have agreed
to extend the forbearance period for these payments.
Morris Publishing's senior bank group also agreed to extend until September 18, 2009 the waiver of the cross defaults arising
from the overdue interest payments on the senior subordinated notes.
Morris Publishing Group, LLC is a privately held media company based in Augusta, Ga. Morris Publishing currently owns and operates 13 daily newspapers as well as nondaily newspapers, city magazines and free community publications in the Southeast, Midwest, Southwest and Alaska. For more information, visit our Web site, morris.com.
For Further information, please contact:
Craig Mitchell
Senior Vice President of Finance
Morris Communications Company, LLC
706-823-3236